Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

Swedish banking giant sacks its top boss

Share this article

Swedish banking giant sacks its top boss
Frank Vang-Jensen. Photo: Maja Suslin/TT
07:46 CEST+02:00
Sweden's Handelsbanken has fired its chief executive, Frank Vang-Jensen.

He will be replaced by Anders Bouvin, who will take up the position with immediate effect, the bank said in a statement. 

The board of the bank decided unanimously to let Vang-Jensen go after just a year and a half in the post. 

“This decision is purely related to the individual. Handelsbanken remains strong and our long-term goals stand firm,” said board chairman Pär Boman. 

He added that the post required a “special type of leadership”.

“Thus, it is possible to be an excellent leader and manager – as Frank Vang-Jensen has been – but not fulfil the requirements of CEO of Handelsbanken.” 

His successor, Anders Bouvin, has been Executive Vice President since 2002. He was posted in New York and Denmark before most recently heading up the bank’s operation in the UK.  

“Anders Bouvin has worked at Handelsbanken for more than 30 years and is totally familiar with the Bank’s working methods, culture and values. For the past ten years, he has worked at Handelsbanken in the UK, where he has built up a national branch network with stable finances, good profitability – and by far the most satisfied customers in the market,” said Boman.

Get notified about breaking news on The Local

Share this article

From our sponsors

‘No other place in Europe has such as high density of talent’

London has always had a certain allure that pulls in entrepreneurs from near and far. As one of the world’s most connected cities, a top financial centre and a multicultural melting pot, countless professionals from Europe and beyond are drawn to London like moths to a flame.